Integration With Social Security

Definition of "Integration with social security"

Chris  Silva real estate agent
Chris Silva, Real Estate Agent Homesmart

Method of reducing an employee pension according to IRS procedures:

  1. Offset method restricted to a DEFINED BENEFIT PLAN under which a mandatory percentage of the monthly Social Security benefit payable to a retired employee is subtracted from the monthly retirement benefit payable to the employee under a business firm's qualified retirement plan.
  2. Integration method-used with a defined benefit plan or a defined contribution plan under which a basic level of compensation established for a retired employee so that (a) for compensation above this level, the employee receives a greater retirement benefit; or (b) for compensation below this level, the employee receives a smaller retirement benefit.

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